EU: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in the EU

In 2022, the EU azo- or azoxy-compounds market increased by 1.4% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in the EU

In value terms, azo- or azoxy-compounds production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Azo- Or Azoxy-Compounds Exports

Exports in the EU

Azo- or azoxy-compounds exports fell notably to X tons in 2022, waning by -25.4% against 2021. Over the period under review, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, azo- or azoxy-compounds exports reduced notably to $X in 2022. Overall, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X tons), Italy (X tons) and Spain (X tons) represented the key exporter of diazo-, azo- or azoxy-compounds in the European Union, committing 72% of total export. Latvia (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by France (7.7%). The following exporters - Croatia (X tons) and Lithuania (X tons) - each recorded a 3.5% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Croatia (with a CAGR of +118.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest azo- or azoxy-compounds supplying countries in the European Union were Germany ($X), Latvia ($X) and Italy ($X), with a combined 73% share of total exports. Spain, France, Lithuania and Croatia lagged somewhat behind, together accounting for a further 22%.

Lithuania, with a CAGR of +82.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 10% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+4.9%), while the other leaders experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports in the EU

In 2022, imports of diazo-, azo- or azoxy-compounds in the European Union declined sharply to X tons, which is down by -20.9% on 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, azo- or azoxy-compounds imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X tons) and Italy (X tons) represented roughly 51% of total imports in 2022. It was distantly followed by Spain (X tons), the Netherlands (X tons) and Poland (X tons), together mixing up a 31% share of total imports. The following importers - France (X tons) and Hungary (X tons) - together made up 7.2% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. The Netherlands, France, Poland and Hungary lagged somewhat behind, together comprising a further 25%.

Poland, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :